Dundee to give 10 per cent shareholding to disadvantaged Namibians

Contributed by NAMPA.

WINDHOEK, 17 MAY (NAMPA) – Dundee Precious Metals Tsumeb (DPMT) will give a 10 per cent stake, worth over N.dollars 245 million to benefit previously disadvantaged Namibians through Greyhorse Mining (GHM).
This is amid government’s U-turn to scrap the 25 per cent equity clause from the New Equitable Economic Empowerment Framework (NEEEF).
Eight per cent will benefit 30 identified companies owned by previously disadvantaged Namibians who on average has eight shareholders, while the remaining two ...